The 50-50 joint venture covers a portfolio of eight major industrial assets located across Australia covering a total gross floor area of 188,000 sqm
Frasers Property, via its subsidiary Frasers Property (SGX:TQ5
) Industrial has set up its first capital partnership in Australia with an investment vehicle sponsored by Morgan Stanley Real Estate Investing (MSREI).
The Frasers Prime Logistics Venture will aim to capitalise on the continued strong demand for premium industrial estates in key logistics hubs.
